Jump Financial LLC Invests $515,000 in Banco Santander-Chile (NYSE:BSAC)

Jump Financial LLC bought a new position in Banco Santander-Chile (NYSE:BSAC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 27,298 shares of the bank's stock, valued at approximately $515,000.

Several other institutional investors and hedge funds have also made changes to their positions in BSAC. JPMorgan Chase & Co. increased its holdings in shares of Banco Santander-Chile by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 3,988,659 shares of the bank's stock worth $75,226,000 after buying an additional 61,242 shares during the last quarter. Franklin Resources Inc. increased its stake in Banco Santander-Chile by 1.1% during the third quarter. Franklin Resources Inc. now owns 3,164,490 shares of the bank's stock worth $63,859,000 after acquiring an additional 33,291 shares during the last quarter. Renaissance Technologies LLC raised its position in Banco Santander-Chile by 21.4% in the fourth quarter. Renaissance Technologies LLC now owns 659,627 shares of the bank's stock valued at $12,441,000 after purchasing an additional 116,200 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Banco Santander-Chile by 9.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 629,275 shares of the bank's stock valued at $11,868,000 after purchasing an additional 55,061 shares during the last quarter. Finally, DnB Asset Management AS increased its position in shares of Banco Santander-Chile by 16.0% during the 4th quarter. DnB Asset Management AS now owns 307,359 shares of the bank's stock worth $5,797,000 after purchasing an additional 42,371 shares during the last quarter. 6.42% of the stock is currently owned by institutional investors and hedge funds.

Banco Santander-Chile Trading Up 0.7 %

Shares of NYSE BSAC traded up $0.17 during trading on Tuesday, reaching $24.52. The stock had a trading volume of 72,950 shares, compared to its average volume of 295,473. The business's 50-day moving average price is $22.71 and its 200-day moving average price is $20.78. Banco Santander-Chile has a fifty-two week low of $17.83 and a fifty-two week high of $24.90. The company has a market cap of $11.55 billion, a P/E ratio of 12.62, a PEG ratio of 0.96 and a beta of 0.72. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.79 and a current ratio of 1.79.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.05). Banco Santander-Chile had a return on equity of 19.15% and a net margin of 19.16%. On average, equities research analysts predict that Banco Santander-Chile will post 2.07 EPS for the current fiscal year.

Banco Santander-Chile Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.349 per share. This represents a dividend yield of 4.8%. The ex-dividend date is Wednesday, April 23rd. This is an increase from Banco Santander-Chile's previous annual dividend of $1.25. Banco Santander-Chile's payout ratio is currently 51.55%.

Banco Santander-Chile Profile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.